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Delivering Secure Customer Experiences for Financial Services

Digital customer portals offer the potential to radically transform customer experiences in the financial industries for the better. By offering a unified service experience to customers on digital channels, it enhances customer convenience, availability, and brand assurance. A centralised, managed platform with the highest security standards, enables financial firms to power secure experiences that will supercharge their digital transformation initiatives and enhance customer loyalty – all while reducing cyber risk.

Achieving these goals is highly beneficial to the high-touch service nature of wealth management and banking, as these sectors rely heavily on lengthy paper trails. Today, digital communication is the new normal, adding increasing complexity and opportunity alike. It’s time to start thinking about digital resiliency and how to leverage centralised OneStop Customer Portals to ease the burden on management and security.

Why security must be delivered by design and default

When new software products are in development, aspects like user experience and efficiency tend to take the centre stage. While these factors are highly important, security is often overlooked, especially in the early stages of development. Instead of being incorporated into the design strategy from the outset, security measures may be tacked on later, leaving glaring vulnerabilities behind.

Here are some of the most important security considerations when rolling out a client portal for financial services:

Capturing mission-critical data for easier auditability

You cannot protect what you don’t know about, and it is impossible to achieve rigorous security without having complete visibility into your digital activities. Especially in paper-heavy sectors, it can be notoriously difficult to maintain accurate, relevant, and up-to-date audit trails. The same is true when relying on a myriad of different digital communication channels. This means it is much harder to get to the root cause if something goes wrong.

A digital client portal should serve to simplify security by consolidating all communications and documenting all interactions. In addition to tracking potential security issues like failed or suspicious login attempts, full auditability also helps deliver better customer service by identifying issues with everything from response times to service availability.

Encrypting data to meet the demands of compliance

Encryption is a critical layer of security, and no potentially sensitive business or personal data should be without it. Encryption helps businesses secure their client portals, as well as meet the growing demands of regulatory compliance.

Centralising operations for better security management

One of the biggest barriers to enabling more secure and efficient client communications is the constantly increasing complexity and diversity of today’s technology. With more systems and apps than ever before, continued technological development has left many businesses with a fragmented infrastructure that is notoriously hard to manage and protect.

By centralising all customer-facing operations and keeping all interactions in one place, digital portals can simplify security and give organisations a transparent overview of mission-critical processes. Instead of trying to protect and manage emails, text messages, video conferences, and document signage across a whole range of different platforms, a digital portal should offer everything all in one place. From a security perspective, this means consolidating all the single points of failure into one system that can be protected easily and comprehensively.

Maintaining granular control over user access

One of the challenges in deploying any IT system is achieving the right compromise between accessibility and security. Thus, granular access control, ideally following the principles of zero trust and least privilege, is essential for any secure client portal. Granular access control determines the various rules and variables that need to be in place before a client can legitimately access their account.

By maintaining a private and secure portal within an organisation, companies can ensure that they are securely controlling access permissions and maintaining information security with tailored oversight.

Planning for functionality and growth

Client portals must be designed and implemented with future functionality and growth in mind. Integrations with other mission-critical digital assets are also important to maintain a seamless user experience. Deploying a digital strategy on a platform that is built to scale and evolve alongside technological advances is critical to future-proofing business practices. This is far easier to achieve with a managed solution that is regularly updated in accordance with customer demands, instead of a highly complex and expensive custom-made platform. With a private managed solution that tracks all customer activity, a persistent relationship seamlessly transitions within the organisation and account managers, reducing customer churn. This will also reduce the administrative and maintenance burden and help keep costs to a minimum.

Moxtra helps financial organisations drive persistent customer relationships with private, branded apps. Get in touch today to get started with your app.


  • Moxtra powers OneStop Apps for today’s digital age, and helps organizations deliver the next-gen collaboration experience to clients. Each branded portal, functions as a digital high-touch hub, keeping clients in continuous connection with your organization to complete business with just-in-time responsiveness and manage internal teams to maintain a persistent relationship with customers.

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